...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Al says costly oil is like a rate hike. Therefore, if oil rises sharply, he doesn't need to raise rates.

Paul Volcker must have fallen out of his chair. This is insane. It's like the pope advocating daily fornication ... totally upside down and inside out from established central bankster doctrine.

If Al accommodates runaway oil with continued easy money, other stuff such as precious metals will runaway too. In fact, they already are ...

What this "accomodation" is, in very clear terms, is a full-blown admission that the system cannot absorb more than one blow at a time.

It is an overt admission of weakness.

It speaks of an abyss below.

It says:

"I have completely screwed the pooch as the head of the worlds largest CB. I tried an experiment in an effort to prove some old, long-dead russian statistician wrong, and it looks like I may have erred along the way."

In 4 years, we'll be treated to a McNamara-like treatise from the old codger bitterly rueing his mistakes and asking forgiveness.

Unfortunately, all the people living under bridges would sooner burn his book for warmth than read it.